LyondellBasell Industries N.V. (LYB) filed a Form 8K - Changes
in Company Executive Management - with the U.S Securities and
Exchange Commission on January 14, 2015.
Appointment of Certain Officers
On January 20, 2015, LyondellBasell Industries N.V. (the
"Company") announced changes to its executive leadership team,
including the assumption of expanded roles for Timothy D. Roberts,
Patrick D. Quarles and Kevin W. Brown. The Company also announced
that its Supervisory Board has nominated Mr. Brown for election to
the Management Board by shareholders at the 2015 Annual General
Meeting.
Kevin W. Brown, 57, formerly Senior Vice President Refining, has
been promoted to Executive Vice President Manufacturing and
Refining, adding responsibility for all of the Company's
manufacturing sites worldwide to his current role as leader of the
refining business, Global Engineering Services and Global Projects.
Mr. Brown has served as Senior Vice President Refining since
2009.
Patrick D. Quarles, 47, formerly Senior Vice President I&D,
has been promoted to Executive Vice President I&D, Supply Chain
& Procurement, adding management of the Company's supply chain
and procurement functions to his current role as the business
leader of the global I&D business. Since joining the Company,
Mr. Quarles has served in roles of increasing responsibility and
was appointed Senior Vice President I&D in 2009. Mr. Quarles
has been a member of the Company's Management Board since April
2014.
Timothy D. Roberts, 53, formerly Executive Vice President
O&P Americas, is now Executive Vice President Global O&P.
Mr. Roberts joined the Company in June 2011 as the business leader
of O&P Americas. Prior to joining the Company, Mr. Roberts
served in executive positions at Chevron Phillips Chemical and as
Chief Executive Officer of Americas Styrenics LLC, a joint venture
between the Dow Chemical Company and Chevron Phillips from 2008
until 2011. In his new role, Mr. Roberts will have responsibility
for the Company's O&P business worldwide. Mr. Roberts has been
a member of the Company's Management Board since April 2014.
None of Messrs. Brown, Quarles or Roberts has any direct or
indirect material interest in any transaction required to be
disclosed pursuant to Item 404(a) of Regulation S-K.
Executive Officer Compensation Arrangements
In connection with Mr. Roberts' promotion, Mr. Roberts' base
salary was increased to $700,000, his annual cash bonus, or STI,
target award was increased to 85% of his base salary and his annual
equity incentive compensation, or LTI, target award was increased
to 220% of his base salary. The base salary is effective January
26, 2015, and the STI and LTI award targets are effective for
calendar year 2015.
The full text of this SEC filing can be retrieved at:
http://www.sec.gov/Archives/edgar/data/1489393/000119312515014479/d854651d8k.htm
Any exhibits and associated documents for this SEC filing can be
retrieved at:
http://www.sec.gov/Archives/edgar/data/1489393/000119312515014479/0001193125-15-014479-index.htm
Public companies must file a Form 8-K, or current report, with
the SEC generally within four days of any event that could
materially affect a company's financial position or the value of
its shares.
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